Roundtable Healthcare Closes Equity Fund IV and Capital Fund III, Promotes Four to Partner

Sep 3 2015 | 3:04pm ET

Healthcare private equity company RoundTable Healthcare Partners has closed its fourth equity fund, raising $650 million, and its third captive subordinated debt fund at $200 million. 

Concurrent with the raises, RoundTable named four new partners to the firm, according to a statement. Pierre Frechette and Thomas Kapfer, CEOs of existing RoundTable portfolio companies, will serve as senior operating partners. Richard Adloff, CFO of three RoundTable portfolio companies, was named operating partner, while Andrew Hochman was promoted to partner.

RoundTable closed its first equity in March 2002, raising $400 million. It subsequently raised $500 million in March 2005 for its second fund and $600 million in July 2010 for its third fund. The firm’s first two captive debt funds, totaling $400 million, were closed in July 2006 and July 2010, respectively.

“Our strategy continues to produce strong deal flow and investment returns,” said Lester B. Knight, one of the firm’s founding partners and Chairman of RoundTable’s management committee. “Equity Fund IV and Capital Fund III will allow us to continue investing in healthcare companies that can benefit from our strong operating focus. We thank all of our limited partners for their support and commitment.”

Founded in 2001, Illinois-based RoundTable Healthcare Partners is an operating-oriented private equity firm focused exclusively on the healthcare industry. The company has raised $2.75 billion in committed capital, including four equity funds totaling $2.15 billion and three-subordinated debt funds totaling $600 million.

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